Welcome to our dedicated page for Exelon Corporation news (Ticker: EXC), a resource for investors and traders seeking the latest updates and insights on Exelon Corporation stock.
Exelon Corporation (NASDAQ: EXC) is a leading competitive energy provider in the United States, noted for its substantial contributions to the power generation sector. Headquartered in Chicago, Illinois, Exelon operates across 48 states, the District of Columbia, and Canada. The company’s diverse portfolio includes over 32,700 megawatts of owned capacity, making it one of the largest power generators in the U.S.
Exelon is dedicated to delivering clean, reliable, and affordable energy to more than 10 million customers through its six regulated utilities: Atlantic City Electric, Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power, PECO, and Pepco. These utilities provide electric and natural gas services to customers in Illinois, Pennsylvania, Maryland, New Jersey, Delaware, and Washington, D.C.
The company’s business operations are divided into two main segments: power generation and utility services. Exelon’s Constellation business unit supplies energy products to around 2 million residential, public sector, and business customers. Constellation Energy, a wholly owned subsidiary, focuses on delivering clean, efficient energy solutions and innovative products.
Exelon has been at the forefront of energy efficiency and sustainability initiatives. For instance, Delmarva Power, one of Exelon’s subsidiaries, recently received the 2024 ENERGY STAR® Partner of the Year: Sustained Excellence Award for its outstanding energy efficiency programs that have saved over one million megawatt-hours in energy and more than $1.1 billion on customer bills since 2009. These programs are a testament to Exelon's commitment to reducing greenhouse gas emissions and promoting environmental stewardship.
In addition to its sustainability efforts, Exelon fosters strategic partnerships to enhance grid reliability and energy management. A notable partnership includes BGE's collaboration with Resideo Technologies to expand the Connected Rewards℠ program. This initiative aims to balance the grid by reducing electricity demand during peak periods, providing financial incentives to customers who participate.
With 2015 revenues reported at approximately $34.5 billion, Exelon continues to be a financially robust organization. The company’s strategic focus on innovation, best-in-class performance, and community leadership helps drive progress for its customers and the broader community.
For the latest updates and news about Exelon Corporation, follow them on Twitter @Exelon or visit their website.
STEER Holdings Inc., a subsidiary of Facedrive Inc. (TSXV: FD, OTCQX: FDVRF), has signed an agreement with Enterprise Fleet Management to lease over 1000 electric vehicles valued between
ComEd and Openlands announced $10,000 grants to 23 organizations through the 10th annual Green Region Program aimed at enhancing climate resilience in northern Illinois. Since its inception, the program has allocated over $1.9 million, funding projects that have planted over 38,000 trees and improved more than 1,400 acres of land. This year's initiatives focus on pollinator habitats and protecting species like butterflies and bees. The program illustrates ComEd's long-standing commitment to sustainability and improving community green spaces.
Exelon (Nasdaq: EXC) has welcomed President Biden’s signing of the Inflation Reduction Act. The company emphasizes its commitment to investing in the clean energy transition, focusing on innovative solutions for reliable energy delivery. The act is expected to provide substantial resources to support the clean energy sector, enhancing efforts towards a cleaner grid.
ComEd celebrated the graduation of its sixth class from the Tools of the Trade program, which trains high school students in trades and clean energy careers. Over seven weeks, 25 students learned about the energy sector through hands-on projects and professional development at ComEd's training centers in Chicago and Rockford. Since its launch in 2016, 108 students have graduated from the program, with 76% of the latest cohort being minorities. The program aligns with ComEd's commitment to workforce development and aims to fill the anticipated 2,000 new utility jobs in the Midwest within the next three years.
ComEd has extended the application deadline for its $1.8 million Climate Friendly Grant Assistance program to August 19, 2022. The program will award grants up to $450,000 each to four eligible nonprofit organizations in northern Illinois. These nonprofits must support diversity and provide clean energy-focused assistance to limited-income customers. ComEd aims to alleviate economic pressures and enhance clean energy access to its community, reflecting its long-standing commitment to supporting local organizations.
Exelon (Nasdaq: EXC) has priced a public offering of 11,300,000 shares of common stock, aiming for approximately
Exelon (Nasdaq: EXC) plans to offer
Constellation Energy Corporation (Nasdaq: CEG) reported a GAAP net loss of ($111) million for Q2 2022, worsening from ($61) million in Q2 2021. Adjusted EBITDA (non-GAAP) fell to $603 million, down from $656 million year-over-year. The company reaffirmed its full-year adjusted EBITDA guidance at $2.35 billion to $2.75 billion, supported by higher energy prices and lower nuclear fuel costs. Recent agreements with Bank of America and PNC Bank aim to procure carbon-free energy. Highlights also included legislation supporting nuclear energy and a significant renewable energy deal from the Mammoth Solar project.
Exelon Corporation (Nasdaq: EXC) reported a GAAP Net Income of $0.47 per share and Adjusted Operating Earnings of $0.44 per share for Q2 2022, up from $0.33 and $0.36, respectively, in Q2 2021. The company reaffirmed its guidance for full-year Adjusted Operating Earnings at $2.18-$2.32 per share. Exelon plans to issue up to $1 billion in common stock by 2025 and anticipates $500 million in 2022. Notable performance includes ComEd's best CAIDI performance. However, some units, such as BGE and PHI, saw declines in earnings compared to the previous year.
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